Some teams were on a twice-a-year schedule with bonus payouts in April and October, according to the report, but now they’ll receive the full amount in the fall. Apple is also more closely watching travel budgets and leaving some unfilled positions open, according to the report.
The shift is the latest example that Apple is cutting costs and watching corporate expenses closely, as competitors such as Google, Meta, and Amazon go through layoffs during a rough patch for the tech industry.
Apple hasn’t laid off employees, but it has dramatically slowed hiring in many divisions outside of engineering.
